Credit Suisse AG Grows Stake in Skillsoft Corp. (NASDAQ:SKIL)

Credit Suisse AG lifted its stake in Skillsoft Corp. (NASDAQ:SKIL – Get Rating) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 743,751 shares of the company’s stock after purchasing an additional 22,893 shares during the quarter. Credit Suisse AG owned 0.45% of Skillsoft worth $1,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in Skillsoft by 979.4% in the first quarter. Royal Bank of Canada now owns 5,397 shares of the company’s stock worth $33,000 after buying an additional 4,897 shares during the last quarter. UBS Group AG raised its holdings in Skillsoft by 73.1% in the 3rd quarter. UBS Group AG now owns 19,929 shares of the company’s stock worth $36,000 after acquiring an additional 8,419 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Skillsoft in the 2nd quarter valued at approximately $46,000. Keeley Teton Advisors LLC purchased a new stake in Skillsoft during the 1st quarter valued at $66,000. Finally, Verition Fund Management LLC bought a new stake in shares of Skillsoft in the 2nd quarter worth $67,000. Institutional investors own 72.83% of the company’s stock.

Insider Activity

In related news, Director Patrick Kolek bought 80,000 shares of the company’s stock in a transaction that occurred on Monday, December 19th. The shares were bought at an average price of $1.06 per share, for a total transaction of $84,800.00. Following the completion of the acquisition, the director now owns 100,000 shares of the company’s stock, valued at approximately $106,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Skillsoft news, CAO Jose Torres purchased 50,000 shares of Skillsoft stock in a transaction dated Tuesday, December 20th. The stock was purchased at an average price of $1.08 per share, with a total value of $54,000.00. Following the transaction, the chief accounting officer now directly owns 50,000 shares of the company’s stock, valued at $54,000. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Patrick Kolek purchased 80,000 shares of Skillsoft stock in a transaction dated Monday, December 19th. The shares were acquired at an average cost of $1.06 per share, with a total value of $84,800.00. Following the transaction, the director now directly owns 100,000 shares in the company, valued at $106,000. The disclosure for this purchase can be found here. Insiders purchased 205,000 shares of company stock valued at $219,050 over the last three months. Insiders own 21.70% of the company’s stock.

Skillsoft Stock Up 3.8 %

SKIL stock opened at $1.93 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.98 and a quick ratio of 0.98. Skillsoft Corp. has a 1-year low of $1.03 and a 1-year high of $7.08. The stock has a market capitalization of $317.39 million, a P/E ratio of -0.48 and a beta of 1.28. The business has a fifty day moving average price of $1.71 and a 200-day moving average price of $1.90.

Skillsoft (NASDAQ:SKIL – Get Rating) last posted its earnings results on Tuesday, December 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.11. Skillsoft had a negative net margin of 108.77% and a negative return on equity of 5.96%. The business had revenue of $139.39 million for the quarter, compared to analysts’ expectations of $137.99 million. During the same quarter in the prior year, the business earned ($0.10) EPS. Equities analysts forecast that Skillsoft Corp. will post -4.86 earnings per share for the current fiscal year.

Skillsoft Company Profile

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Skillsoft Corp. provides corporate digital learning services in the United States and internationally. The company operates through Content, Global Knowledge, and SumTotal segments. It offers enterprise learning solutions to prepare organizations for the future of work, as well as enable them to overcome critical skill gaps, drive demonstrable behavior-change, and unlock the potential in their greatest assets.